ALLIANCE Boots has completed a deal to buy two pharmacy chains in Latin America as it chases its mission of global expansion.

The business revealed in May that it was in talks over a £370m deal for Farmacias Ahumada, which runs two pharmacy retailing businesses in Mexico and Chile with 1,000 stores between them. Boots already has a presence in 25 countries, a chain of 3,100 stores and 108,000 employees.

News that the deal has completed comes days after Alliance Boots announced a merger with US drug store giant Walgreens. The business will in future be known as Walgreens Boots Alliance.